FIGURE 24-1 -Refer to Figure 24-1. If the Economy Is Currently Producing

question 38

Multiple Choice

FIGURE 24-1
-Refer to Figure 24-1. If the economy is currently producing output of Y0, the economyʹs automatic adjustment process will have the

• A) AS curve shifting to the right until point A is reached.
• B) vertical line at Y* shifting to the left until it gets to Y0.
• C) AD curve shifting to the right until point B is reached.
• D) economy remaining where it is.
• E) level of potential output falling.

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